Senior Financial Protections

Senior Financial Abuse is a serious and too common problem, with seniors losing at least $2.6 billion annually to financial exploitation.  A growing number of states have enacted senior investor protection laws that enable financial agents, advisors, and firms to step in when financial abuse is suspected, but Transamerica believes that there is more to be done.

Transamerica supports a federal safe harbor that would encourage financial firms to train and equip their employees to spot financial fraud and take steps to stop it.